$400,000. This is the amount the typical 65-year-old couple will need to save in order to pay for out-of-pocket medical and long-term care costs in old age, according to new estimates from Fidelity Benefits Consulting. As per today’s article, that amount is “$60,000 more than the typical couple’s entire savings at retirement, including equity in their home.” To read more about what the author describes as “a grim picture” – including the percentage of all 65-year-olds that will require at least some long-term supports and services before they die and what this all means for the typical couple, CLICK HERE.
“It’s like the conversational third rail.” This is how one investing specialist cited in today’s article describes couples’ avoidance of financial matters when discussing retirement, as seen in the findings of a new NerdWallet survey of Americans in a relationship. While couples do talk about “the fun stuff” – non-financial matters such as where they will live and what they will do in retirement ¬– “when it comes to crunching the numbers and getting a realistic snapshot of where they are financially, the numbers drop off dramatically.” What does the author say couples need to discuss in order to fully “color in” their retirement picture, and how is it suggested they go about doing so? CLICK HERE to find out.
Today’s article acknowledges that while “millennials might not be taking home large pay checks right now…eventually they will be.” In fact, a team of Bank of America Merrill Lynch analysts expects that the incomes of millennials – as well as the incomes of the generation that comes after them (centennials) – will nearly triple in the next 15 years. As such, that same team has compiled a list of stocks that investors may want to consider buying in advance of this income enlargement so that they can cash in themselves. To see what some of these stocks – which center around five key themes pertinent to the lives of millennials and centennials – are, CLICK HERE.
The demands associated with house-flipping or being a landlord are probably not something that most retirees want to deal with in their golden years, but there is a real-estate investment option – one that is growing in popularity – that may be particularly retiree-friendly, and it is the subject of today’s article: real estate crowdfunding. The author outlines the advantages this alternative real estate investment offers investors in general (and retirees specifically), as well as potential drawbacks that retirees should be aware of if they are considering venturing into the real estate crowdfunding arena. To read more, CLICK HERE.